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Viewing questions 41-50 out of questions
Questions # 41:

More than_______ in wealth classifies the person as “Ultra HNI”

Options:
A.

$1 million

B.

$10 million

C.

$50 million

D.

$100 million

Expert Solution
Questions # 42:

There are______ key estate planning strategies to transfer wealth efficiently. In a Granted Retained Annuity Trust, annuity payments are determined in relation to IRS benchmark interest rate called ____________ rate.

Options:
A.

Four, Section 7520

B.

Six, Section 7520

C.

Four. Section 7620

D.

Six, Section 7620

Expert Solution
Questions # 43:

Estate Planning Process is eight-step procedure that a manager has to follow. The Eight Steps are as given below (not in any order)

Question # 43

The correct order is

Options:
A.

(i)-(ii)-(iii)-(iv)-(v)-(vi)-(vii)-(viii)

B.

(ii)-(i)-(iii)-(iv)-(vi)-(vii)-(viii)-(v)

C.

(ii)-(i)-(iii)-(iv)-(vi)-(vii)-(v)-(viii)

D.

(ii)-(i)-(iii)-(iv)-(vi)-(v)-(vii)-(viii)

Expert Solution
Questions # 44:

A trust involves_______ parties. ___________ is the person who establishes the trust.

Options:
A.

Two, Settlor

B.

Three, Settlor

C.

Two, Executor

D.

Three, Executor

Expert Solution
Questions # 45:

What is Probate?

Options:
A.

A Will made out of undue influence

B.

The process of distribution of estate

C.

A person who pays the ‘Inheritance Tax’

D.

Court process by which a will is proved valid or invalid

Expert Solution
Questions # 46:

A will can be made by anyone above _____ years of age in India.

Options:
A.

15

B.

16

C.

18

D.

21

Expert Solution
Questions # 47:

Estate Tax in India is _______

Options:
A.

Nil

B.

10%

C.

30%

D.

Tax Rate depends on the estate value

Expert Solution
Questions # 48:

Private Companies have a minimum paid up capital of _______________ or such higher capital as may be prescribed.

Options:
A.

Rs 1,00,000

B.

Rs.3,00,000

C.

Rs.5,00,000

D.

Rs10,00,000

Expert Solution
Questions # 49:

There are ______ steps in Selling process. The last step in Selling Process is ____________.

Options:
A.

Five, Develop and Implement the Plan

B.

Five, Service the Plan

C.

Eight, Implement the Plan

D.

Eight, Service the Plan

Expert Solution
Questions # 50:

Which of the following statement(s) about codicil is/are correct?

Question # 50

Options:
A.

Only (i)

B.

Both (i) and (iv)

C.

(i),(ii),(iii) and (iv)

D.

(i),(iii) and (iv)

Expert Solution
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